While investors are familiar with stress-testing their portfolios for various economic scenarios from a bottom-up perspective, a new tool is now available to incorporate climate change into stress-testing scenarios from the top down. Ortec Finance, in partnership with Cambridge Econometrics, is launching a systemic climate risk scenario tool for institutional investors. It incorporates climate risks […]
Sun Life Financial Canada is making adjustments to its leadership teams. Heading up the newly created client experience office, Eric Monteiro, senior vice-president and chief client experience officer, will head up his own team. Monteiro joined Sun Life in 2016 as chief analytics and engineering officer for individual insurance and wealth. Before that, he was chief strategy […]
While most employees agree working mothers bring value to the workplace and make strong leaders, women still find having children negatively affects their career, according to a survey by U.S.-based Bright Horizons Family Solutions. Almost three-quarters (72 per cent) of working parents surveyed agreed women are penalized in their careers for starting families, which can mean being overlooked […]
The use of target-date funds is on the rise in Canada, with more members of capital accumulation plans being offered the investment option every year. Half of plan sponsors with defined contribution plans (50 per cent) and group registered retirement savings plans (51 per cent) allocated target-date funds as their default option in 2016, according […]
The Caisse de dépôt et placement du Québec is teaming up with Generation Investment Management to acquire General Atlantic’s and H.I.G. Capital’s investment in FNZ, a global fintech firm. With the investment, the firm is valued at approximately £1.65 billion. The firm itself holds £330 billion in assets under administration, servicing the needs of its partners, such […]
Horizons ETFs Management (Canada) Inc.’s marijuana life sciences index exchange-traded fund has reached $1 billion in assets under management. Indicated by the ticker symbol HMMJ, the fund is the first and largest of its kind to offer direct exposure to marijuana-related North American-listed companies as a cohesive index, according to a news release. Since it was […]
As the Canadian cannabis industry blazes a path of growth in the run-up to October’s legalization, so does the number of related publicly listed stocks trading on North America’s largest indexes. Getting in on the action, some of Canada’s public pension funds are starting to look for exposure to cannabis companies, according to a report […]
From decumulation options to investment choice, capital accumulation plan members face several challenges when they reach retirement. On the decumulation front, many members leave their assets with their final employer’s pension provider, which offers group registered retirement income funds or life income funds with well-managed investment options and lower management fees. As well, an increasing number […]
Why crowdsourcing is a surprisingly accurate alternative to the consensus.
For more than 30 years, Canada’s public sector pension organizations have distinguished themselves by delivering secure, sustainable defined benefit pensions and, in the process, have earned a reputation as global leaders. That wasn’t always the case, so will it continue to be the case in 30 years? Six years ago, The Economist published a report that described how […]